CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Quarter Ended June 27, 2014

($ in millions)



	Tyco International Ltd.			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total
Net revenue	$	—		$	—		$	2,662		$	—		$	2,662
Cost of product sales	—			—			1,106			—			1,106
Cost of services	—			—			572			—			572
Selling, general and administrative expenses	5			1			665			—			671
Restructuring and asset impairment charges, net	—			—			17			—			17
Operating (loss) income	(5		)	(1		)	302			—			296
Interest income	—			—			4			—			4
Interest expense	—			(23		)	(1		)	—			(24		)
Other (expense) income, net	(1		)	—			1			—			—
Equity in net income of subsidiaries	1,468			1,466			—			(2,934		)	—
Intercompany interest and fees	(13		)	14			4			(5		)	—
Income from continuing operations before income taxes	1,449			1,456			310			(2,939		)	276
Income tax benefit (expense)	1			(1		)	(55		)	—			(55		)
Equity income in earnings of unconsolidated subsidiaries	—			—			215			—			215
Income from continuing operations	1,450			1,455			470			(2,939		)	436
Income from discontinued operations, net of income taxes	—			—			1,011			5			1,016
Net income	1,450			1,455			1,481			(2,934		)	1,452
Less: noncontrolling interest in subsidiaries net income	—			—			2			—			2
Net income attributable to Tyco common shareholders	$	1,450		$	1,455		$	1,479		$	(2,934	)	$	1,450

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Quarter Ended June 27, 2014

($ in millions)



	Tyco International Ltd.		Tyco International Finance S.A.		Other Subsidiaries		Consolidating Adjustments			Total
Net income	$	1,450	$	1,455	$	1,481	$	(2,934	)	$	1,452
Other comprehensive income, net of tax
Foreign currency translation	28		—		28		(28		)	28
Defined benefit and post retirement plans	9		—		9		(9		)	9
Total other comprehensive income, net of tax	37		—		37		(37		)	37
Comprehensive income	1,487		1,455		1,518		(2,971		)	1,489
Less: comprehensive income attributable to noncontrolling interests	—		—		2		—			2
Comprehensive income attributable to Tyco common shareholders	$	1,487	$	1,455	$	1,516	$	(2,971	)	$	1,487

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Quarter Ended June 28, 2013

($ in millions)



	Tyco International Ltd.			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total
Net revenue	$	—		$	—		$	2,537		$	—		$	2,537
Cost of product sales	—			—			1,000			—			1,000
Cost of services	—			—			606			—			606
Selling, general and administrative expenses	2			1			709			—			712
Separation costs	—			—			4			—			4
Restructuring and asset impairment charges, net	—			—			53			—			53
Operating (loss) income	(2		)	(1		)	165			—			162
Interest income	2			—			4			—			6
Interest expense	(1		)	(24		)	(1		)	—			(26		)
Other expense, net	(1		)	—			—			—			(1		)
Equity in net income of subsidiaries	160			128			—			(288		)	—
Intercompany interest and fees	(23		)	3			20			—			—
Income from continuing operations before income taxes	135			106			188			(288		)	141
Income tax expense	—			(2		)	(21		)	—			(23		)
Equity loss in earnings of unconsolidated subsidiaries	—			—			(6		)	—			(6		)
Income from continuing operations	135			104			161			(288		)	112
Income from discontinued operations, net of income taxes	—			—			23			—			23
Net income	135			104			184			(288		)	135
Less: noncontrolling interest in subsidiaries net loss	—			—			—			—			—
Net income attributable to Tyco common shareholders	$	135		$	104		$	184		$	(288	)	$	135

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Quarter Ended June 28, 2013

($ in millions)



	Tyco International Ltd.			Tyco International Finance S.A.		Other Subsidiaries			Consolidating Adjustments			Total
Net income	$	135		$	104	$	184		$	(288	)	$	135
Other comprehensive (loss) income, net of tax
Foreign currency translation	(134		)	—		(134		)	134			(134		)
Defined benefit and post retirement plans	5			—		5			(5		)	5
Unrealized loss on marketable securities and derivative instruments	(1		)	—		(1		)	1			(1		)
Total other comprehensive loss, net of tax	(130		)	—		(130		)	130			(130		)
Comprehensive income	5			104		54			(158		)	5
Less: comprehensive income attributable to noncontrolling interests	—			—		—			—			—
Comprehensive income attributable to Tyco common shareholders	$	5		$	104	$	54		$	(158	)	$	5

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Nine Months Ended June 27, 2014

($ in millions)



	Tyco International Ltd.			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total
Net revenue	$	—		$	—		$	7,636		$	—		$	7,636
Cost of product sales	—			—			3,108			—			3,108
Cost of services	—			—			1,725			—			1,725
Selling, general and administrative expenses	(8		)	3			1,883			—			1,878
Separation costs	—			—			1			—			1
Restructuring and asset impairment charges, net	—			—			27			—			27
Operating income (loss)	8			(3		)	892			—			897
Interest income	—			—			10			—			10
Interest expense	—			(71		)	(2		)	—			(73		)
Other (expense) income, net	(4		)	—			2			—			(2		)
Equity in net income of subsidiaries	1,935			1,882			—			(3,817		)	—
Intercompany interest and fees	(11		)	31			(15		)	(5		)	—
Income from continuing operations before income taxes	1,928			1,839			887			(3,822		)	832
Income tax benefit (expense)	1			(1		)	(164		)	—			(164		)
Equity income in earnings of unconsolidated subsidiaries	—			—			206			—			206
Income from continuing operations	1,929			1,838			929			(3,822		)	874
(Loss) income from discontinued operations, net of income taxes	(2		)	—			1,054			5			1,057
Net income	1,927			1,838			1,983			(3,817		)	1,931
Less: noncontrolling interest in subsidiaries net income	—			—			4			—			4
Net income attributable to Tyco common shareholders	$	1,927		$	1,838		$	1,979		$	(3,817	)	$	1,927

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Nine Months Ended June 27, 2014

($ in millions)



	Tyco International Ltd.			Tyco International Finance S.A.		Other Subsidiaries			Consolidating Adjustments			Total
Net income	$	1,927		$	1,838	$	1,983		$	(3,817	)	$	1,931
Other comprehensive (loss) income, net of tax
Foreign currency translation	(24		)	—		(24		)	24			(24		)
Defined benefit and post retirement plans	16			—		16			(16		)	16
Total other comprehensive loss, net of tax	(8		)	—		(8		)	8			(8		)
Comprehensive income	1,919			1,838		1,975			(3,809		)	1,923
Less: comprehensive income attributable to noncontrolling interests	—			—		4			—			4
Comprehensive income attributable to Tyco common shareholders	$	1,919		$	1,838	$	1,971		$	(3,809	)	$	1,919

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Nine Months Ended June 28, 2013

($ in millions)



	Tyco International Ltd.			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total
Net revenue	$	—		$	—		$	7,463		$	—		$	7,463
Cost of product sales	—			—			2,956			—			2,956
Cost of services	—			—			1,813			—			1,813
Selling, general and administrative expenses	9			2			2,118			—			2,129
Separation costs	4			—			5			—			9
Restructuring and asset impairment charges, net	—			—			82			—			82
Operating (loss) income	(13		)	(2		)	489			—			474
Interest income	2			—			11			—			13
Interest expense	(1		)	(71		)	(3		)	—			(75		)
Other (expense) income, net	(31		)	—			1			—			(30		)
Equity in net income of subsidiaries	625			409			—			(1,034		)	—
Intercompany interest and fees	(212		)	100			112			—			—
Income from continuing operations before income taxes	370			436			610			(1,034		)	382
Income tax expense	—			(2		)	(54		)	—			(56		)
Equity loss in earnings of unconsolidated subsidiaries	—			—			(18		)	—			(18		)
Income from continuing operations	370			434			538			(1,034		)	308
Income from discontinued operations, net of income taxes	—			—			62			—			62
Net income	370			434			600			(1,034		)	370
Less: noncontrolling interest in subsidiaries net income	—			—			—			—			—
Net income attributable to Tyco common shareholders	$	370		$	434		$	600		$	(1,034	)	$	370

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Nine Months Ended June 28, 2013

($ in millions)



	Tyco International Ltd.			Tyco International Finance S.A.		Other Subsidiaries			Consolidating Adjustments			Total
Net income	$	370		$	434	$	600		$	(1,034	)	$	370
Other comprehensive (loss) income, net of tax
Foreign currency translation	(225		)	—		(225		)	225			(225		)
Defined benefit and post retirement plans	14			—		14			(14		)	14
Total other comprehensive loss, net of tax	(211		)	—		(211		)	211			(211		)
Comprehensive income	159			434		389			(823		)	159
Less: comprehensive income attributable to noncontrolling interests	—			—		—			—			—
Comprehensive income attributable to Tyco common shareholders	$	159		$	434	$	389		$	(823	)	$	159

CONDENSED CONSOLIDATING BALANCE SHEET

As of June 27, 2014

($ in millions)



	Tyco International Ltd.		Tyco International Finance S.A.		Other Subsidiaries			Consolidating Adjustments			Total
Assets
Current Assets:
Cash and cash equivalents	$	—	$	—	$	1,912		$	—		$	1,912
Accounts receivable, net	—		—		1,739			—			1,739
Inventories	—		—		650			—			650
Intercompany receivables	22		2,174		7,921			(10,117		)	—
Prepaid expenses and other current assets	18		—		1,123			—			1,141
Deferred income taxes	—		—		250			—			250
Assets held for sale	—		—		27			—			27
Total current assets	40		2,174		13,622			(10,117		)	5,719
Property, plant and equipment, net	—		—		1,283			—			1,283
Goodwill	—		—		4,212			—			4,212
Intangible assets, net	—		—		765			—			765
Investment in subsidiaries	14,082		16,634		—			(30,716		)	—
Intercompany loans receivable	—		1,607		5,339			(6,946		)	—
Other assets	38		5		754			—			797
Total Assets	$	14,160	$	20,420	$	25,975		$	(47,779	)	$	12,776
Liabilities and Equity
Current Liabilities:
Loans payable and current maturities of long-term debt	$	—	$	—	$	20		$	—		$	20
Accounts payable	—		—		851			—			851
Accrued and other current liabilities	291		34		1,637			—			1,962
Deferred revenue	—		—		411			—			411
Intercompany payables	3,516		4,418		2,183			(10,117		)	—
Liabilities held for sale	—		—		15			—			15
Total current liabilities	3,807		4,452		5,117			(10,117		)	3,259
Long-term debt	—		1,442		1			—			1,443
Intercompany loans payable	4,079		1,881		986			(6,946		)	—
Deferred revenue	—		—		344			—			344
Other liabilities	272		—		1,417			—			1,689
Total Liabilities	8,158		7,775		7,865			(17,063		)	6,735
Redeemable noncontrolling interest	—		—		13			—			13
Tyco Shareholders' Equity:
Common shares	208		—		—			—			208
Common shares held in treasury	—		—		(1,513		)	—			(1,513		)
Other shareholders' equity	5,794		12,645		19,584			(30,716		)	7,307
Total Tyco Shareholders' Equity	6,002		12,645		18,071			(30,716		)	6,002
Nonredeemable noncontrolling interest	—		—		26			—			26
Total Equity	6,002		12,645		18,097			(30,716		)	6,028
Total Liabilities, Redeemable Noncontrolling Interest and Equity	$	14,160	$	20,420	$	25,975		$	(47,779	)	$	12,776

CONDENSED CONSOLIDATING BALANCE SHEET

As of September 27, 2013

($ in millions)



	Tyco International Ltd.		Tyco International Finance S.A.		Other Subsidiaries			Consolidating Adjustments			Total
Assets
Current Assets:
Cash and cash equivalents	$	—	$	—	$	563		$	—		$	563
Accounts receivable, net	—		—		1,704			—			1,704
Inventories	—		—		645			—			645
Intercompany receivables	22		2,079		7,354			(9,455		)	—
Prepaid expenses and other current assets	9		—		830			—			839
Deferred income taxes	—		—		250			—			250
Assets held for sale	—		—		856			—			856
Total current assets	31		2,079		12,202			(9,455		)	4,857
Property, plant and equipment, net	—		—		1,284			—			1,284
Goodwill	—		—		4,162			—			4,162
Intangible assets, net	—		—		791			—			791
Investment in subsidiaries	12,826		14,690		—			(27,516		)	—
Intercompany loans receivable	—		1,141		5,310			(6,451		)	—
Other assets	68		6		1,008			—			1,082
Total Assets	$	12,925	$	17,916	$	24,757		$	(43,422	)	$	12,176
Liabilities and Equity
Current Liabilities:
Loans payable and current maturities of long-term debt	$	—	$	—	$	20		$	—		$	20
Accounts payable	1		—		847			—			848
Accrued and other current liabilities	353		23		1,476			—			1,852
Deferred revenue	—		—		393			—			393
Intercompany payables	3,515		3,845		2,095			(9,455		)	—
Liabilities held for sale	—		—		236			—			236
Total current liabilities	3,869		3,868		5,067			(9,455		)	3,349
Long-term debt	—		1,443		—			—			1,443
Intercompany loans payable	3,660		1,852		939			(6,451		)	—
Deferred revenue	—		—		370			—			370
Other liabilities	298		—		1,583			—			1,881
Total Liabilities	7,827		7,163		7,959			(15,906		)	7,043
Redeemable noncontrolling interest	—		—		12			—			12
Tyco Shareholders' Equity:
Common shares	208		—		—			—			208
Common shares held in treasury	—		—		(912		)	—			(912		)
Other shareholders' equity	4,890		10,753		17,675			(27,516		)	5,802
Total Tyco Shareholders' Equity	5,098		10,753		16,763			(27,516		)	5,098
Nonredeemable noncontrolling interest	—		—		23			—			23
Total Equity	5,098		10,753		16,786			(27,516		)	5,121
Total Liabilities, Redeemable Noncontrolling Interest and Equity	$	12,925	$	17,916	$	24,757		$	(43,422	)	$	12,176

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended June 27, 2014

($ in millions)



	Tyco International Ltd.			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total
Cash Flows From Operating Activities:
Net cash (used in) provided by operating activities	$	(184	)	$	455		$	249		$	—		$	520
Net cash provided by discontinued operating activities	—			—			100			—			100
Cash Flows From Investing Activities:
Capital expenditures	—			—			(210		)	—			(210		)
Proceeds from disposal of assets	—			—			7			—			7
Acquisition of businesses, net of cash acquired	—			—			(63		)	—			(63		)
Acquisition of dealer generated customer accounts and bulk account purchases	—			—			(20		)	—			(20		)
Net increase in intercompany loans	—			(446		)	—			446			—
(Increase) decrease in investment in subsidiaries	(4		)	(9		)	4			9			—
Sales and maturities of investments	—			—			283			—			283
Purchases of investments	—			—			(332		)	—			(332		)
Sale of equity investment	—			—			250			—			250
Other	—			—			2			—			2
Net cash used in investing activities	(4		)	(455		)	(79		)	455			(83		)
Net cash provided by discontinued investing activities	—			—			1,789			—			1,789
Cash Flows From Financing Activities:
Proceeds from issuance of short-term debt	—			830			—			—			830
Repayment of short-term debt	—			(830		)	(1		)	—			(831		)
Proceeds from exercise of share options	—			—			79			—			79
Dividends paid	(231		)	—			—			—			(231		)
Repurchase of common shares by treasury	—			—			(806		)	—			(806		)
Net intercompany loan borrowings	419			—			27			(446		)	—
Increase in equity from parent	—			—			9			(9		)	—
Transfer from discontinued operations	—			—			1,889			—			1,889
Other	—			—			(10		)	—			(10		)
Net cash provided by financing activities	188			—			1,187			(455		)	920
Net cash used in discontinued financing activities	—			—			(1,889		)	—			(1,889		)
Effect of currency translation on cash	—			—			(8		)	—			(8		)
Net increase in cash and cash equivalents	—			—			1,349			—			1,349
Cash and cash equivalents at beginning of period	—			—			563			—			563
Cash and cash equivalents at end of period	$	—		$	—		$	1,912		$	—		$	1,912

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended June 28, 2013

($ in millions)



	Tyco International Ltd.			Tyco International Finance S.A.			Other Subsidiaries			Consolidating Adjustments			Total
Cash Flows From Operating Activities:
Net cash (used in) provided by operating activities	$	(242	)	$	388		$	214		$	—		$	360
Net cash provided by discontinued operating activities	—			—			117			—			117
Cash Flows From Investing Activities:
Capital expenditures	—			—			(205		)	—			(205		)
Proceeds from disposal of assets	—			—			4			—			4
Acquisition of businesses, net of cash acquired	—			—			(75		)	—			(75		)
Acquisition of dealer generated customer accounts and bulk account purchases	—			—			(14		)	—			(14		)
Intercompany dividend from subsidiary	—			32			—			(32		)	—
Net increase in intercompany loans	—			(359		)	—			359			—
Sales and maturities of investments	—			—			103			—			103
Purchases of investments	—			—			(182		)	—			(182		)
Other	—			—			6			—			6
Net cash used in investing activities	—			(327		)	(363		)	327			(363		)
Net cash used in discontinued investing activities	—			—			(82		)	—			(82		)
Cash Flows From Financing Activities:
Proceeds from issuance of short-term debt	—			380			—			—			380
Repayment of short-term debt	—			(380		)	(11		)	—			(391		)
Proceeds from exercise of share options	—			—			125			—			125
Dividends paid	(214		)	—			—			—			(214		)
Intercompany dividend to parent	—			—			(32		)	32			—
Repurchase of common shares by treasury	—			—			(300		)	—			(300		)
Net intercompany loan borrowings (repayments)	366			—			(7		)	(359		)	—
Transfer from (to) discontinued operations	90			(61		)	36			—			65
Other	—			—			(35		)	—			(35		)
Net cash provided by (used in) financing activities	242			(61		)	(224		)	(327		)	(370		)
Net cash used in by discontinued financing activities	—			—			(65		)	—			(65		)
Effect of currency translation on cash	—			—			(16		)	—			(16		)
Net decrease in cash and cash equivalents	—			—			(419		)	—			(419		)
Less: net decrease in cash and cash equivalents related to discontinued operations	—			—			(30		)	—			(30		)
Cash and cash equivalents at beginning of period	—			—			844			—			844
Cash and cash equivalents at end of period	$	—		$	—		$	455		$	—		$	455